Housing Finance Policy in Emerging Markets PDF Download

Author: Loic Chiquier
Publisher: World Bank Publications
ISBN: 0821377515
Category : Social Science
Languages : en
Pages : 540

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Book Description
Housing finance markets have been changing dramatically in both emerging and developed economies. On the one hand, housing finance markets are expanding and represent a powerful engine for economic growth in many emerging economies. However, the unfolding sub-prime mortgage crisis highlights the risks and potential turbulence that this sector can introduce into the financial system when expanding without proper infrastructure and regulation. As housing finance keeps growing in emerging economies to match a rising demand for housing, new risk management approaches, business models, funding tools, and policy instruments can help. Yet many questions remain about the right balance between innovation and regulation, the extent of risks to the financial system, the appropriate role of the state to promote affordable housing, and the effects of the sub-prime crisis. This book provides a guide for policymakers dealing with housing finance in emerging markets. It highlights the prerequisites for an effective housing finance system; it lays out several policy alternatives and models of housing finance; and it explores the role of governments in expanding access to housing finance for lower-income households. There is no "best" model set out in this book. The aim is to provide a developmental roadmap that can be tailored and sequenced to each country's situation and timing.

Author: Maarten van Ham
Publisher: Springer Nature
ISBN: 303064569X
Category : Science
Languages : en
Pages : 520

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Book Description
This open access book investigates the link between income inequality and socio-economic residential segregation in 24 large urban regions in Africa, Asia, Australia, Europe, North America, and South America. It offers a unique global overview of segregation trends based on case studies by local author teams. The book shows important global trends in segregation, and proposes a Global Segregation Thesis. Rising inequalities lead to rising levels of socio-economic segregation almost everywhere in the world. Levels of inequality and segregation are higher in cities in lower income countries, but the growth in inequality and segregation is faster in cities in high-income countries. This is causing convergence of segregation trends. Professionalisation of the workforce is leading to changing residential patterns. High-income workers are moving to city centres or to attractive coastal areas and gated communities, while poverty is increasingly suburbanising. As a result, the urban geography of inequality changes faster and is more pronounced than changes in segregation levels. Rising levels of inequality and segregation pose huge challenges for the future social sustainability of cities, as cities are no longer places of opportunities for all.

Author: Gwilym Pryce
Publisher: Springer Nature
ISBN: 3030745449
Category : Science
Languages : en
Pages : 372

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Book Description
This open access book explores new research directions in social inequality and urban segregation. With the goal of fostering an ongoing dialogue between scholars in Europe and China, it brings together an impressive team of international researchers to shed light on the entwined processes of inequality and segregation, and the implications for urban development. Through a rich collection of empirical studies at the city, regional and national levels, the book explores the impact of migration on cities, the related problems of social and spatial segregation, and the ramifications for policy reform. While the literature on both segregation and inequality has traditionally been dominated by European and North American studies, there is growing interest in these issues in the Chinese context. Economic liberalization, rapid industrial restructuring, the enormous growth of cities, and internal migration, have all reshaped the country profoundly. What have we learned from the European and North American experience of segregation and inequality, and what insights can be gleaned to inform the bourgeoning interest in these issues in the Chinese context? How is China different, both in terms of the nature and the consequences of segregation inequality, and what are the implications for future research and policy? Given the continued rise of China’s significance in the world, and its recent declaration of war on poverty, this book offers a timely contribution to scholarship, identifying the core insights to be learned from existing research, and providing important guidance on future directions for policy makers and researchers.

Author: Youqin Huang
Publisher: Routledge
ISBN: 1135050198
Category : Social Science
Languages : en
Pages : 269

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Book Description
In recent decades, Chinese cities have experienced profound social, economic and spatial transformations. In particular, Chinese cities have witnessed the largest housing boom in history and unprecedented housing privatization. China now is a country of homeowners, with more than 70 per cent of urban residents owning homes, higher than many developed countries. This book shows how China’s spectacular housing success is not shared by all social groups, with rapidly rising housing inequality, and residential segregation increasingly prevalent in previously homogeneous Chinese cities. It focuses on the two extremes of the residential landscape, and reveals the stark contrast between low-income households who live in shacks in so-called ‘urban villages’ and the nouveaux riches who live in exclusive gated villa communities. Over four parts, the contributors look at the degree to which inequality affects Chinese cities, and the extent of residential differentiation; housing for the urban poor, and in particular, housing for migrants from rural China; housing for the rapidly expanding Chinese middle class and the new rich; and finally, governance in residential neighbourhoods. Housing Inequality in Chinese Cities presents theoretically informed and empirically grounded research into the polarized residential landscape in Chinese cities, and as such will be of great interest to students and scholars of Chinese studies, urban geography, urban sociology, and urban studies.

Author: Ms.Sonali Jain-Chandra
Publisher: International Monetary Fund
ISBN: 1484357531
Category : Business & Economics
Languages : en
Pages : 31

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Book Description
China has experienced rapid economic growth over the past two decades and is on the brink of eradicating poverty. However, income inequality increased sharply from the early 1980s and rendered China among the most unequal countries in the world. This trend has started to reverse as China has experienced a modest decline in inequality since 2008. This paper identifies various drivers behind these trends – including structural changes such as urbanization and aging and, more recently, policy initiatives to combat it. It finds that policies will need to play an important role in curbing inequality in the future, as projected structural trends will put further strain on equity considerations. In particular, fiscal policy reforms have the potential to enhance inclusiveness and equity, both on the tax and expenditure side.

Author: Shi Li
Publisher: Cambridge University Press
ISBN: 1107002915
Category : Business & Economics
Languages : en
Pages : 531

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Book Description
This book examines the evolution of economic inequality in China from 2002 to 2007; a sequel to Inequality and Public Policy in China (2008).

Author: Karin Kurz
Publisher: Stanford University Press
ISBN: 0804767246
Category : Business & Economics
Languages : en
Pages : 408

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Book Description
This cross-national comparative study analyzes the relationship between social inequality and the attainment of home ownership over the life course in 12 countries.

Author: Martin K. Whyte
Publisher: Harvard University Press
ISBN: 9780674036307
Category : History
Languages : en
Pages : 462

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Book Description
"A collection of essays that analyzes China's foremost social cleavage: the rural-urban gap. It examines the historical background of rural-urban relations; the size and trend in the income gap between rural and urban residents; aspects of inequality apart from income; and, experiences of discrimination, particularly among urban migrants." -- BOOK PUBLISHER WEBSITE.

Author: Scott Rozelle
Publisher: University of Chicago Press
ISBN: 022674051X
Category : Business & Economics
Languages : en
Pages : 242

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Book Description
A study of how China’s changing economy may leave its rural communities in the dust and launch a political and economic disaster. As the glittering skyline in Shanghai seemingly attests, China has quickly transformed itself from a place of stark poverty into a modern, urban, technologically savvy economic powerhouse. But as Scott Rozelle and Natalie Hell show in Invisible China, the truth is much more complicated and might be a serious cause for concern. China’s growth has relied heavily on unskilled labor. Most of the workers who have fueled the country’s rise come from rural villages and have never been to high school. While this national growth strategy has been effective for three decades, the unskilled wage rate is finally rising, inducing companies inside China to automate at an unprecedented rate and triggering an exodus of companies seeking cheaper labor in other countries. Ten years ago, almost every product for sale in an American Walmart was made in China. Today, that is no longer the case. With the changing demand for labor, China seems to have no good back-up plan. For all of its investment in physical infrastructure, for decades China failed to invest enough in its people. Recent progress may come too late. Drawing on extensive surveys on the ground in China, Rozelle and Hell reveal that while China may be the second-largest economy in the world, its labor force has one of the lowest levels of education of any comparable country. Over half of China’s population—as well as a vast majority of its children—are from rural areas. Their low levels of basic education may leave many unable to find work in the formal workplace as China’s economy changes and manufacturing jobs move elsewhere. In Invisible China, Rozelle and Hell speak not only to an urgent humanitarian concern but also a potential economic crisis that could upend economies and foreign relations around the globe. If too many are left structurally unemployable, the implications both inside and outside of China could be serious. Understanding the situation in China today is essential if we are to avoid a potential crisis of international proportions. This book is an urgent and timely call to action that should be read by economists, policymakers, the business community, and general readers alike. Praise for Invisible China “Stunningly researched.” —TheEconomist, Best Books of the Year (UK) “Invisible China sounds a wake-up call.” —The Strategist “Not to be missed.” —Times Literary Supplement (UK) “[Invisible China] provides an extensive coverage of problems for China in the sphere of human capital development . . . the book is rich in content and is not constrained only to China, but provides important parallels with past and present developments in other countries.” —Journal of Chinese Political Science

Author: Gubrium, Erika K.
Publisher: Policy Press
ISBN: 1447308727
Category : Political Science
Languages : en
Pages : 247

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Book Description
The shame experienced by people living in poverty has long been recognised. Nobel laureate and economist, Amartya Sen, has described shame as the irreducible core of poverty. However, little attention has been paid to the implications of this connection in the making and implementation of anti-poverty policies. This important volume rectifies this critical omission and demonstrates the need to take account of the psychological consequences of poverty for policy to be effective. Drawing on pioneering empirical research in countries as diverse as Britain, Uganda, Norway, Pakistan, India, South Korea and China, it outlines core principles that can aid policy makers in policy development. In so doing, it provides the foundation for a shift in policy learning on a global scale and bridges the traditional distinctions between North and South, and high-, middle- and low-income countries. This will help students, academics and policy makers better understand the reasons for the varying effectiveness of anti-poverty policies.